The Feb. 20 story "EFH posts loss of $3.36 billion" gives another example of deregulation hurting consumers and limiting, not expanding, choices. Our largest electricity producer is going under while we pay more for electricity.
We deregulated the airline industry and were promised lower fares and greater choices.With the bankruptcy of American Airlines and its pending merger, we are now back to a handful of airlines, fewer choices and higher fares.We deregulated the savings and loan industry. Remember savings and loans?We deregulated the banking and mortgage industries, and 12 years later we're still paying for it.Even after the Enron situation, politicians are still railing against regulations. We had better realize that regulations protect not only consumers but our economy.I wonder what saving our electricity service will cost us.-- Buddy Musick, Fort WorthHave more to add? News tip? Tell us
